After much work (I thought Apple's stuff was supposed to be easy?) I upgraded my iPad to 5.0.1. I'm still not seeing the issue you're talking about, Rod.
Oh, and there is no doubt about it, the embedded YouTube vids don't work, they don't even give me an option to click on them. I find this odd, since going into the main "Media" section WILL let me click on the videos for play. I would have thought the same embed code would be used in both places, but apparently not.
I keep giving this iPad a chance over and over and just keep coming up with gripes. My newest gripe is the software update process. I only have experience with Android on my phone, but it will automatically download and inform me when a new version of Android is available for install, and then I just click one button and it takes care of the rest. I've never lost any data on an Android update on the phone. The iPad on the other hand waited until I connected to iTunes, then told me an update was available, then told me I'd lose everything on the iPad if I didn't sync. So I synced and nothing came over...? So I said to update, it downloaded the file, then binged and bonged at me a dozen times, waited some more, then restarted and I found all my apps were gone. Luckily they were all free and I had not downloaded many, so no big deal. Seriously, this is the Apple experience? I hate to sound like a hater but my Mother SURE as heck wouldn't survive with this thing.
How's that Asus treating you, Rod?